J John M 26th Mar, 2014 #81 datto said: How cheap is that! Owners must be laughing all the way to the bank,if they can lease all the properties. Looking at the advertisement there appears to be special conditions - maybe only bogans are allowed to rent the place lol. Click to expand... $1.81M PP + $700k reno = $2.51M. At $290/week x 25, that's $377,000 pa. 15% gross return before tax.
datto said: How cheap is that! Owners must be laughing all the way to the bank,if they can lease all the properties. Looking at the advertisement there appears to be special conditions - maybe only bogans are allowed to rent the place lol. Click to expand... $1.81M PP + $700k reno = $2.51M. At $290/week x 25, that's $377,000 pa. 15% gross return before tax.
